Articles from First Atlantic Nickel Corp.

LOS ANGELES, Nov. 18, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. ("First Atlantic or the "Company") (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is pleased to announce its participation at Benchmark Mineral Intelligence's Benchmark Week 2025 conference, taking place November 18-20, 2025, in Los Angeles, California. The Company will participate in business development discussions throughout the event, showcasing how its Pipestone XL Nickel Alloy Project addresses the growing need for nickel and cobalt production that can be processed onshore in North America. The Pipestone XL Project hosts nickel contained in awaruite, a naturally magnetic nickel-iron-cobalt alloy mineral that is free of sulfur and contains approximately 77% nickel. These unique properties enable direct processing through magnetic separation and flotation, eliminating reliance on overseas smelting or roasting operations. This simplified mineral processing method significantly reduces energy requirements and environmental impacts, while supporting the development of a resilient domestic critical minerals supply chain.

Drill Hole AN-25-08 Returns 0.12% Magnetically Recoverable Awaruite Nickel Over 480 Meters, Achieving 800 Meters Drill-Confirmed of Expanded 4-Kilometer Target Area

NASHVILLE, Tenn., Nov. 06, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (“First Atlantic or the “Company”) (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is pleased to announce its participation at the North American Stainless & Special Alloys Conference 2025, taking place November 6-7, 2025, in Nashville, Tennessee. The Company will participate in business development discussions throughout the event, showcasing how its Pipestone XL Nickel Alloy Project addresses the growing need for nickel, cobalt and chromium production that can be processed onshore in North America. The Pipestone XL Project hosts nickel contained in awaruite, a naturally magnetic nickel-iron-cobalt alloy mineral that is free of sulfur and contains approximately 77%1 nickel, along with significant chromium mineralization throughout the system. These unique properties enable direct processing through magnetic separation and flotation, eliminating reliance on overseas smelting or roasting operations. This simplified mineral processing method significantly reduces energy requirements and environmental impacts, while supporting the development of a resilient domestic critical minerals supply chain.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Oct. 21, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSX-V: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report that recent Davis Tube Recovery (DTR) surface sampling and geological mapping has successfully expanded the RPM Zone target area to a continuous 4-kilometer strike length within the 30-kilometer nickel trend at its Pipestone XL Nickel Alloy Project in central Newfoundland. The new results extend the known mineralization footprint approximately 2 kilometers north of the previously defined 2-kilometer drill-defined RPM Zone, where 800 meters of drilling has already confirmed awaruite mineralization over a north-south strike length. This newly identified northern extension, designated Exploration Priority 1 (See Figure 1), demonstrates continuity of awaruite nickel mineralization based on DTR surface sampling and detailed geological mapping.

Holes AN-25-09 and AN-25-10 Confirm Approximately 750 Meters Width on Section S1 and 500 Meters on Section S3

Phase 2X Drilling Achieves 800 Meter Strike Length with First Hole on Line S3 Confirming Continuity of Awaruite Mineralization

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Sept. 24, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has renamed its flagship Atlantic Nickel Project to Pipestone XL, reflecting the Company's 100% ownership of the entire 30-kilometer Pipestone Ophiolite Ultramafic Complex. The new name emphasizes the district-scale potential of the project, which hosts multiple zones of awaruite (Ni3Fe) nickel alloy mineralization, including the high-priority RPM Zone, the Super Gulp Zone, the historical Atlantic Lake Zone, and additional discoveries of visible awaruite mineralization discovered during the Company’s 2025 regional exploration program throughout the complex. The RPM Phase 2 drilling program will now be referred to as Phase 2X, underscoring the Company's objective to double (“2X”) both the strike length and expand the width of awaruite mineralization established during the Phase 1 drill program at the RPM Zone. The Pipestone XL name also highlights the project's clean energy potential, including ongoing geologic hydrogen research in partnership with Colorado School of Mines announced March 19, 2025.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Aug. 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") reports assays and Davis Tube Recovery (“DTR”) metallurgical test results from drill hole AN-25-06, the first hole reported in the Phase 2 drill program at the RPM Zone, part of the district-scale Atlantic Nickel Project (the "Project") in Newfoundland. Drill hole AN-25-06 is the deepest and the longest drilled to date at the RPM Zone. The hole returned a continuous interval of 447.35 meters averaging 1.27% nickel and 1.69% chromium in magnetic concentrate, with a mass pull of 9.02%. This corresponds to an average magnetically recoverable DTR nickel grade of 0.11% over the interval, with total nickel recovery averaging 51.84%.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Sept. 10, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report a significant expansion of visible awaruite nickel-alloy mineralization at the RPM Zone, part of its 100% owned, district-scale, 30 kilometer-long Atlantic Nickel Project in Newfoundland (the "Atlantic Nickel Project" or the "Project"). RPM Drill hole AN-25-07, the second hole of the Phase 2 program, intersected 495 meters of visibly disseminated awaruite and has expanded the mineralized section located 400 meters north of the RPM discovery holes up to 750 meters in width. This represents a ~50% increase from the 500-meter width established in Phase 1, confirming the robust lateral extent of awaruite mineralization at RPM. With holes AN-25-08 and AN-25-09 now completed on Line S3, Phase 2 drilling has tested 800 meters of north-south strike length and continues to demonstrate the scale potential of the RPM Zone as the Company advances toward defining over 1 kilometer of continuous awaruite mineralization. Concurrent with drilling, Phase 2 prospecting across the 30-kilometer Pipestone Ophiolite Complex has collected numerous surface rock samples containing visible awaruite for assay and davis tube metallurgical testing. Additional updates on the Phase 2 program are anticipated within the coming weeks.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, July 09, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce positive Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-05, the final hole completed during the Phase 1 drilling at the RPM Zone, part of its district scale Atlantic Nickel Project (the "Project"). Drill hole AN-24-05 returned a continuous interval of 351 meters averaging 1.47% nickel and 1.53% chromium in magnetic concentrate, with a mass pull of 8.21%. This corresponds to a magnetically recoverable nickel grade (DTR grade) of 0.12% over the 351 meter interval. Located approximately 400-meters north of the initial RPM discovery hole AN-24-02, this step out hole confirms that widespread disseminated, visible awaruite mineralization extends significantly northward toward Pipestone Pond.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, July 23, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the release of its Initial Phase 2 Drill Plan Map detailing the locations of the first five holes at the RPM Zone, within its 100%-owned Atlantic Nickel Project in central Newfoundland. The recently completed Phase 1 drilling program successfully defined a near-surface mineralized zone measuring approximately 400m x 500m containing magnetically recoverable awaruite nickel mineralization. All Phase 1 RPM Zone drill holes intersected broad, continuous zones of mineralization, yielding consistent grades and recoveries. Metallurgical testing via the Davis Tube Recovery (DTR) method yielded an average magnetically recoverable nickel grade (DTR Ni%) of 0.13%, with an average magnetic nickel concentrate of 1.41% Ni and an average mass pull of 9.1%. These results indicate an average total nickel recovery of 54% based on an initial total nickel grade of 0.24%. The mineralized system at the RPM Zone remains open in all directions, presenting significant exploration upside. The fully funded Phase 2 drilling program is now underway and designed to further expand on this discovery—the first widely disseminated, drilled awaruite discovery in the Atlantic.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, June 24, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce positive Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-04, the third hole completed during Phase 1 drilling at the RPM Zone, within its district scale Atlantic Nickel Project (the “Project”). Drill hole AN-24-04 returned 366 meters averaging 1.46% nickel and 1.56% chromium in magnetic concentrate, with a mass pull of 9.53%, resulting in a magnetically recoverable nickel grade (DTR grade) of 0.14%. This 200-meter step-out hole, drilled east of the initial RPM discovery hole AN-24-02, confirms that widespread disseminated visible awaruite mineralization extends significantly further east toward Chrome Pond.

VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is pleased to announce its participation at the Benchmark Mineral Intelligence GIGA USA 2025 conference, taking place June 3-4, 2025, in Washington, DC. The Company will participate in strategic meetings during this critical mineral conference to demonstrate how its Atlantic Nickel Project addresses the growing need for nickel mining that can be completely processed in North America. The Atlantic Nickel Project contains nickel in the form of awaruite, a naturally occurring, sulfur-free, highly magnetic mineral with approximately 75% nickel content. These unique properties enable direct processing through magnetic separation and flotation, eliminating reliance on foreign overseas smelting or roasting operations. This simplified mineral processing method significantly lowers energy requirements and reduces environmental impacts, strengthening the development of a resilient, domestic critical minerals supply chain.

VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is excited to report assay results from drill hole AN-24-05, the fourth and final hole of the Phase 1 drilling program at the RPM Zone, located within its 100%-owned Atlantic Nickel Project in central Newfoundland. This hole, positioned as a 400-meter step-out to the north of the initial discovery hole (AN-24-02), intersected 396 meters grading 0.23% nickel and 0.29% chromium, starting after 6 meters of overburden and continuing to the end of the hole. These results confirm an initial 400-meter north-south mineralized strike length of near surface mineralization.

VANCOUVER, British Columbia, May 07, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is excited to announce the commencement of Phase 2 drilling at the RPM Zone on its 100%-owned Atlantic Nickel Project in Newfoundland. The upcoming drilling will build on the significant awaruite discovery at the RPM Zone, where all four initial drill holes intersected visibly disseminated awaruite throughout their entire lengths, terminating in mineralization and remaining open in all directions. Phase 2 is designed to expand the RPM Zone through targeted step-out drilling, aiming to extend the mineralized strike length beyond the 400 meters (north-south) and the lateral width beyond 500 meters (east-west). Assay results for the fourth RPM drill hole from Phase 1 (AN-24-05) are pending. Davis Tube Recoverable (DTR) metallurgical test results for RPM holes three and four (AN-24-04 and AN-24-05) are also anticipated soon. In addition to drilling at the RPM Zone, the Phase 2 program will include prospecting across the Company’s district-scale, 30-kilometer-long ultramafic ophiolite trend. These efforts are intended to identify new awaruite nickel targets and further unlock the district potential of the Atlantic Nickel Project.

VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") expresses its gratitude to the Province of Newfoundland & Labrador for awarding the Company the maximum grant of $150,000 through the Junior Exploration Assistance (JEA) program. The funding will support critical mineral exploration at the Company's Atlantic Nickel Project (the “Project”), a 100%-owned, district-scale nickel project strategically located in central Newfoundland, with access to infrastructure including roads and clean hydro-grid power. The Project spans the entire 30 km Pipestone ophiolite complex, which hosts serpentinized ultramafic rocks enriched in nickel, chromium and cobalt. The primary nickel mineral is awaruite, a sulfur-free, naturally occurring nickel-iron alloy (Ni₃Fe) composed of approximately 75% nickel.

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") a Canadian mineral exploration company focused on developing its 100%-owned Atlantic Nickel Project, a large-scale nickel project strategically located near existing infrastructure in central Newfoundland, Canada, is pleased to be featured in a recent article published by the Telegram, which explores the province’s emerging role in the global hydrogen economy.

VANCOUVER, British Columbia, April 23, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce assay results from drill hole AN-24-04, the third drill hole at the RPM Zone and the fourth in the Phase 1 drilling program at its 100%-owned Atlantic Nickel Project in central Newfoundland. The 366-meter hole intersected an average of 0.23% nickel and 0.31% chromium over its entire length, from surface to the end of hole, confirming a significant mineralized width of at least 500 meters wide within the RPM Zone (see Figure 1). These assay results follow initial visual observations, which identified large-grain, visibly disseminated awaruite (a sulfur-free naturally occurring nickel metal) mineralization, in all drill holes completed within the RPM Zone.

VANCOUVER, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-03, the second of four drill holes at the RPM Zone within its 100%-owned Atlantic Nickel Project in central Newfoundland. The DTR testing yielded a magnetic concentrate averaging 1.32% nickel and 1.95% chromium across the entire 216-meter length of the drill hole, with concentrate grades up to 2.54% nickel and 4.24% chromium.

VANCOUVER, British Columbia, April 10, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing of 2,190,200 common shares of the Company issued on a charity flow-through basis (the "Charity FT Shares") at a price of C$0.49 per Charity FT Share for gross proceeds of C$1,073,198 (the "Offering").

VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) announces that it intends to complete a non-brokered private placement financing of up to 2,190,200 shares of the Company issued on a charity flow-through basis (the “Charity FT Shares”) at a price of C$0.49 per Charity FT Share for proceeds of up to C$1,073,198 (the “Offering”). The Company plans to use the proceeds of the Offering on its Phase 2 drilling and exploration program at the Atlantic Nickel Project in Central Newfoundland.

VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the assay results from drill hole AN-24-03, the third drill hole of the Phase 1 program and the second drill hole at the RPM Zone, located within its 100%-owned Atlantic Nickel Project in central Newfoundland. The 234-meter hole intersected an average of 0.25% nickel and 0.29% chromium over a continuous 216 meter interval, starting at a depth of 18 meters (post-overburden) and continuing to the end of the hole. Notably, grades increased to 0.27% nickel over the final 21 meters. Drilled westward from the same collar as the initial RPM discovery hole (AN-24-02) which was drilled to the east (see Figure 1), AN-24-03 terminated in a heavily sheared and faulted zone of serpentinized peridotite. The Phase 1 drill rig did not have sufficient power to penetrate this fault zone. Given the increasing nickel grades observed towards the bottom of the hole, Phase 2 drilling will utilize a more powerful drill rig to test further westward into the fault zone and potentially expand the mineralized boundary.

VANCOUVER, British Columbia, March 19, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce a strategic research partnership with Colorado School of Mines to explore geologic hydrogen as an energy source. This collaboration will focus on two significant ophiolite complexes in Newfoundland, Canada: the St. Anthony Ophiolite Complex (Atlantis Project, 103 km²) and the Pipestone Ophiolite Complex (Atlantic Nickel Project, 71 km²). Both projects are 100% owned by First Atlantic and encompass extensive ultramafic rock formations, characterized by awaruite-bearing serpentinized peridotites, which are key indicators of geologic hydrogen.

VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce initial Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-02, the first drill hole at the RPM Zone at its 100%-owned Atlantic Nickel Project in central Newfoundland. The DTR testing yielded a magnetic concentrate containing an average grade of 1.37% nickel and 1.73% chromium across the entire 383.1-meter length of the drill hole, which encompassed all 133 drill core samples. These initial metallurgical results confirm the potential for magnetic separation as a viable processing method for awaruite nickel mineralization previously identified at the RPM Zone.

VANCOUVER, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the initial assay results from its 100%-owned Atlantic Nickel Project in central Newfoundland. Drill hole AN-24-02 returned assays of up to 0.31% nickel and 2.61% chromium, with an average of 0.24% nickel and 0.32% chromium over its entire 383.1-meter length, from surface to the end of hole. These strong results confirm extensive nickel mineralization, initially observed as large-grain awaruite visibly disseminated throughout the drill core. Notably, all four Phase 1 drill holes at the RPM Zone intersected large-grain visible awaruite, covering an area 500 meters wide by 400 meters long. The Company plans to expand this mineralized zone in the upcoming Phase 2 drill program. This is the first of four drill holes completed in the RPM Zone as part of Phase 1, with assay results from the remaining three holes still pending.

VANCOUVER, British Columbia, Feb. 26, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the initial assay results from its first drill hole at the Super Gulp Zone, part of its 100% owned Atlantic Nickel Project in central Newfoundland. The first drill hole, AN-24-01, returned assays of up to 0.32% nickel and 0.8% chromium, with an average of 0.25% nickel and 0.28% chromium over the entire 293.8-meter length. These strong results confirm extensive nickel mineralization, initially observed as large-grain awaruite disseminated throughout the drill hole. This marks the first of five holes drilled in the Phase 1 program, with additional drill results pending.

VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce a significant expansion in drilling of visible awaruite nickel-alloy mineralization at the RPM Zone within its 100% owned, district-scale, 30 kilometer-long Atlantic Nickel Project in Newfoundland (the “Atlantic Nickel Project” or the “Project”). RPM Drill Hole 4 (AN-24-05), the fifth and final hole of Phase 1, was a significant 400-meter step-out to the north of the RPM Discovery Holes 1, 2, and 3. The drill hole intersected abundant visual awaruite, with large grains reaching up to 732 microns, throughout the entire 402-meter interval (see Figures 1 to 3). This drilling confirms large-scale consistent mineralization and expands the RPM Zone to at least 400 meters long and 500 meters wide, with mineralization remaining open in all directions.

VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has entered into an agreement dated February 9, 2025, to issue a $3 million senior unsecured debenture (the "Debenture") through a non-brokered debt private placement (the "Private Placement"). Closing of the Private Placement remains subject to certain closing conditions, including approval of the TSX Venture Exchange (the "Exchange").

VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has been granted permits for its Phase 2 drilling program and the construction of a southern access trail at its 100% owned Atlantic Nickel Project (the "Project" or "Atlantic Nickel Project") in Newfoundland. With these permits in place, the Company has initiated preparations for Phase 2 drilling and has commenced construction of the southern access trail. The Phase 2 program aims to expand the strike length and width of the recently discovered RPM Zone, focusing on extending mineralization further east towards the historical Chrome Pond occurrence and north towards the Pipestone and Super Gulp targets (see Figure 1). The goal of the Phase 2 program is to define a larger area for resource drilling and prove continuity of nickel mineralization, highlighting the Project's significant potential to host substantial volumes of material suitable for commercial mining within large-scale target areas on the Project.

VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has been granted permits for its Phase 2 drilling program and the construction of a southern access trail at its 100% owned Atlantic Nickel Project (the "Project" or "Atlantic Nickel Project") in Newfoundland. With these permits in place, the Company has initiated preparations for Phase 2 drilling and has commenced construction of the southern access trail. The Phase 2 program aims to expand the strike length and width of the recently discovered RPM Zone, focusing on extending mineralization further east towards the historical Chrome Pond occurrence and north towards the Pipestone and Super Gulp targets (see Figure 1). The goal of the Phase 2 program is to define a larger area for resource drilling and prove continuity of nickel mineralization, highlighting the Project's significant potential to host substantial volumes of material suitable for commercial mining within large-scale target areas on the Project.

VANCOUVER, British Columbia, Jan. 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") advises that it has closed the previously announced asset purchase agreement (the “Purchase Agreement”) to acquire a 100% interest in and to mining licence 038152M, consisting of 12 mineral claims located in central Newfoundland, known as the the RPM South claims (the "Claims"). The Claims are situated immediately south of the recent discovery at the RPM Zone (See Figure 1), which is part of the 30 kilometer nickel trend within the Atlantic Nickel project (the "Atlantic Nickel Project" or the "Project") in Newfoundland. Future drill programs will aim to test for mineralization in all directions, including at depth, from the new discovery at the RPM Zone, which is no longer constrained by proximity to project boundaries. The Claims are strategically important for future project infrastructure and development, while also being prospective as they have the potential to host awaruite nickel mineralization extending southward from the RPM Zone at depth.

VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has entered into an agreement to acquire a 100% interest in the RPM-South claims (the "Claims") located immediately south of the recent discovery at the RPM Zone (See Figure 1), which is part of the 30 kilometer nickel trend at the Atlantic Nickel project (the "Atlantic Nickel Project" or the "Project") in Newfoundland. Future drill programs will aim to test for mineralization in all directions, including at depth, from the new discovery at the RPM target zone, which is no longer constrained by proximity to project boundaries. The Claims are strategically important for future project infrastructure and mine development, while also being prospective as they have the potential to host awaruite nickel mineralization extending southward from the RPM Zone at depth.

VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce a significant expansion of the awaruite mineralization at the RPM Zone within its 100% owned, district-scale, 30 kilometer-long Atlantic Nickel Project in Newfoundland (the “Atlantic Nickel Project” or the “Project”). Step-out drilling has intersected visibly disseminated, sulfur-free nickel-alloy (awaruite) mineralization across a width of approximately 500 meters, substantially increasing the width of the newly discovered RPM Zone. Large, elongated awaruite grains, measuring up to 1,000 microns, have been identified, underscoring the Project’s exceptional mineralization quality and potential.

VANCOUVER, British Columbia, Dec. 04, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the selection of a new, secure, drill core processing and storage facility in Grand Falls-Windsor, NL, marking a significant step in the Company’s operational expansion.

VANCOUVER, British Columbia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has submitted applications for new additional drill permits to significantly expand the drilling program at the RPM Zone, located 25 km south of the Atlantic Lake area. The Company plans to construct a shorter, more efficient direct access route to the RPM Zone, enabling year-round access and accommodating heavier drill rigs capable of deeper and faster drilling, particularly during winter months. These initiatives aim to accelerate the exploration and delineation of the RPM Zone, building on the success and encouraging visual observations of large-grained, visible awaruite mineralization in the initial drill holes.

VANCOUVER, British Columbia, Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to provide an update on ongoing drilling at its 100% owned, multi-zone, district-scale Atlantic Nickel Project in central Newfoundland, Canada (the "Atlantic Nickel Project" or the "Project"). Drilling in the RPM Zone has resulted in a new discovery of disseminated, visible, sulfur-free nickel-iron alloy (awaruite) throughout a 394-meter hole located 10 km south of the Super Gulp Zone and 25 km south of historic drilling at Atlantic Lake. This drill hole follows the recent discoveries of multiple new zones containing visible awaruite across the Project's 30 km nickel trend during the summer sampling program.

VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to provide an update on the ongoing drilling at its 100% owned, multi-zone, district-scale Atlantic Nickel Project in central Newfoundland, Canada (“Atlantic Nickel Project” or the “Project”). Initial drilling has confirmed visible awaruite, disseminated from the surface throughout the first 297-meter first hole in the newly discovered Super Gulp zone, located 16 km south of historical drilling at Atlantic Lake. This follows the recent discovery of multiple new zones containing visible awaruite across the project's 30 km nickel trend during the summer sampling program.

VANCOUVER, British Columbia, Oct. 08, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has commenced drilling at its multi-zone, district-scale, 100% owned Atlantic Nickel Project in central Newfoundland, Canada (the "Project" or the "Atlantic Nickel Project"). This follows the recent discovery and expansion of multiple new zones of visible awaruite, a naturally occurring nickel-alloy, across the project's 30 km nickel trend during the summer sampling program.

VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce the discovery and expansion of multiple new zones of visible awaruite (a naturally occurring nickel-alloy), including two new high-priority areas, as part of the summer pre-drill sampling and mapping program at its wholly-owned Atlantic Nickel Project in central Newfoundland, Canada (the "Project" or the "Atlantic Nickel Project"). The sampling program successfully expanded areas with visible awaruite nickel-alloy targets in multiple zones across the Project by sampling 200+ rock outcrop locations along the 30 km trend (see Figure 1), efficiently confirming and prioritizing targets for immediate drilling.

VANCOUVER, British Columbia, Aug. 27, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to provide an update on significant progress made at its wholly-owned Atlantic Nickel Project in central Newfoundland, Canada (the "Project" or the "Atlantic Nickel Project"). The Company has successfully completed the Phase 1 road upgrade program which included the installation of three bridges.   Additionally, an all-weather camp has been established on the project site, and the upgraded road and bridges will ensure reliable access throughout the year. District-scale awaruite nickel sampling program is well underway along the extensive 30 km nickel-bearing trend, with an expanded crew to accommodate the increased size and scale of the program. Initial samples have been sent for analysis.

VANCOUVER, British Columbia, June 27, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic", "FAN", or "the Company") is delighted to welcome Dr. Ron Britten, a world-renowned nickel expert with a specialty in awaruite, as a Technical Advisor for the Company's wholly owned Atlantic Nickel Project located in Newfoundland, Canada. Dr. Britten's expertise in nickel deposits is exemplified by his discovery of the Decar awaruite project in British Columbia. His deep understanding of this unique nickel mineralization will be invaluable to First Atlantic's exploration and development efforts. The Company is also pleased to announce the appointment of Mr. Rahim Kassim-Lakha, a global investment and capital markets professional, as a Strategic Advisor. These strategic additions to the advisory team, effective immediately, position First Atlantic to lead the charge in exploring and developing the first awaruite nickel project in Atlantic Canada.

VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company"), is pleased to report its initial sampling has confirmed the presence of a significant 30 km nickel trend at its 100% owned Atlantic Nickel Project in central Newfoundland, Canada (the “Atlantic Nickel Project” or the “Project”). Strategically located near the Atlantic Ocean, the Project offers ideal access to maritime shipping routes, positioning it to supply nickel input for the steel and electric vehicle supply chains in both the United States and Canada. The Project's proximity to critical infrastructure, including road access, clean hydro-electric grid power, and favorable terrain and climate make it an optimal location for mining exploration and development. First Atlantic is prioritizing the identification of the strongest mineralized zones of awaruite, a naturally occurring nickel-iron alloy, with four initial and promising areas targeted for follow-up work this summer. A large corporate strategic investor has led a ~$2.1 million investment in the Company, which will expedite exploration efforts, including mapping, geophysical surveys and sampling in advance of a planned and fully funded 5000 meter drilling program, set to commence immediately.

VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or “FAN” or the “Company”) is pleased to announce it has completed a large-scale data compilation for its 21,850-hectare Atlantic Nickel Project in Central Newfoundland, Canada. This first-time extensive review, covering the entire Pipestone Ophiolite Ultramafic Complex, identified over 700 regional exploration reports. Of these, 134 contained relevant project information, including data on prospecting, geological mapping, airborne geophysics, geochemistry, and drilling.

VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or “FAN” or the “Company”) is pleased to announce that subject to the final approval of the TSX Venture Exchange (the “Exchange”), the Company has closed a non-brokered private placement led by a strategic investor, of 9,928,571 flow-through shares (the “FT Shares”) issued at a price of C$0.21 per FT Share, for aggregate gross proceeds of $2,084,999.91 (the “Offering”). Each FT Share will consist of one common share of the Company issued as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada).